Czech Republic: Inflation drops in October
November 9, 2015
In October, consumer prices were unchanged over the previous month (September: -0.2% month-on-month). According to the Czech Statistical Office, the print reflects that lower prices for transport were offset by higher prices for clothing and footwear.
In October, inflation fell from September’s 0.4% to 0.2%, which marked the lowest level in seven months. In addition, the print fell short of the 0.4% that the markets had expected. As a result, inflation remained below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.